Why arnt you trading live Jacoline you have over 1000 pips this month with a standard lot thats 10000 dollars you could make a really good living of trading...
You win some you loose some do both with peace of mind
Why arnt you trading live Jacoline you have over 1000 pips this month with a standard lot thats 10000 dollars you could make a really good living of trading...
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I do trade live, just not show those results -- Privacy issues
May i ask what's your reason for the risk to reward being 1 : 1 , this is similar to the method I trade , for some quite a while however I have not been able to determine what risk to reward I should use , I like the Idea of 1 : 1 but it hurts seeing trades run to over 100 pips yet I settle for 10.
what your opinion on the advantages of using 1 : 1 with this method.
And if you don't mind me asking what is the your current winrate. while using 1 to 1
May i ask what's your reason for the risk to reward being 1 : 1 , this is similar to the method I trade , for some quite a while however I have not been able to determine what risk to reward I should use , I like the Idea of 1 : 1 but it hurts seeing trades run to over 100 pips yet I settle for 10. what your opinion on the advantages of using 1 : 1 with this method. And if you don't mind me asking what is the your current winrate. while using 1 to 1
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well, i am only trading the first bounce of the s/r zone so i am aiming for a quick scalp fast in fast out. I have not tested with bigger r:r because that is not my style. I find it more suitable for me.
Sorry i dont have official winrate because i am trading 3-4 systems simultaneously with the same account. But each trade is always 2% and less. Trade safe.
I just created a new Trade Explorer for this method strictly. I will try posting trades here along with explorer to really evaluate this method of trading only. I might change the TP method though a bit to let profits run a bit longer than 10 pips sometimes. I don't mean to hijack your thread here Croc but i dont think you mind, do you?
I just created a new Trade Explorer for this method strictly. I will try posting trades here along with explorer to really evaluate this method of trading only. I might change the TP method though a bit to let profits run a bit longer than 10 pips sometimes. I don't mean to hijack your thread here Croc but i dont think you mind, do you?
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of course i dont!. The reason i started this thread is to see if there is anyone else trading similar to mine. I also would like to hear more trader's opinion on how they do it. That is the purpose of this forum aint it?
TP and SL is very subjective and it varies with each trader's personality.
I am trying a similar method. Draw a line on 30 min chart and watch for a reaction. In this trade I just took there was a pretty obvious reaction. I am just scalping it for a couple of points as I am never any good at holding for larger profits.
The only times I have made money off the forex is like this...scalping 2 points or less. Yes, I know, I know...the risk to reward ratio is not ...blah....blah...but I cant make that type of trading work so this is how I trade. When you take a loss like this its normally about 5 or more trades to make back the loss...but hey that's the market....as we know it jim.
I am finding after losing repeatedly on the lower time frames...it seems to be clearer looking at 30 min and 15 min....wait for it to break out or bounce.
This action was taking place as I was trading the above post... here is a nice looking formation. The buy could be set on the line like croc does...which would allow for more profit than my entry....however I am having some success trying to follow these strong candles after the bar closes. I may experiment with some blind orders and see what happens....will have to reduce the lot size however till feel comfortable with it.
Ok last post, I only trade once a day if its a winner...I shut the thing down...Ive had my win today.
This eur usd came up strongly from the support line just like the gbpusd did....then on the 15 m chart it gave a decent couple of wicks which could have been scalped for some pips off the line above...if you were game. Anyway...this could be another way of looking at it
That's typical... should have held, should have held it for large profits...should have added more lots....should have had a better risk to reward ratio ...burp
The Support Resistance Switch Method - Trade with one line
